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Oct 13, 2012
10/12
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CNNW
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doug and mark, great to see both of you. doug, the romney/ryan plan will reduce rates like 20%. let's forget the lool hope for a moment. see the top rate go down from 35% to 28%. that's certainly not a drop, like jfk did or romney did. can 35 to 28 spark real gdp growth? >> i think we're in a very different world and quite frankly a better world. the feature they have in common, often not appreciated, these are permanent tax reforms, and they have much bigger impacts. it makes sense. a tax cut for a day, you wouldn't do much. and it would change a lot of things, the research supports that notion, an important part of this, a tax reform, permanent change that eliminates the changes. and it reduces complexity. complexity causes people to, a, waste money with tax planning and lawyers and leads to you waste business decisions on the basis of taxes, not business fundamentals and erodes faye faith in the tax system. and the combination of personal nens and getting businesses to focus on the bottom line are very big impetus for growth. >> i understand your point. it's more than just cu
doug and mark, great to see both of you. doug, the romney/ryan plan will reduce rates like 20%. let's forget the lool hope for a moment. see the top rate go down from 35% to 28%. that's certainly not a drop, like jfk did or romney did. can 35 to 28 spark real gdp growth? >> i think we're in a very different world and quite frankly a better world. the feature they have in common, often not appreciated, these are permanent tax reforms, and they have much bigger impacts. it makes sense. a...
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Oct 13, 2012
10/12
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FBC
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ed rollins, doug shown are next. ♪ lou: the vice-president smile or just being joe, or was it something else? differing views, and ey will be joining us in moments with their analysis and insight. joining first, however, to the markets. stocks coming up early gains again. the dow of two and a half points, not%, points. the s&p and nasdaq down a fraction. the nasdaq of its longest losing streak in almost two months. for the week of three major indexes down more than 2% this, the worst week for the market in four months all of this as consumer confidence unexpectedly soared. last month the highest level in five years. meanwhile, gasoline costs driving producer prices higher, up 1%. in coporate news tonight gp, wells fargo bought -- both reporting big profits. chase down more than 1 percent annabel's fargo done to nap%. personal investing courtesy of former vice president al gore. increased his net worth 50 fold from a modest 2 million to 100 million of dollars. according to the washington post reported all he has to do was to invest in green technology companies that benefited from a mode
ed rollins, doug shown are next. ♪ lou: the vice-president smile or just being joe, or was it something else? differing views, and ey will be joining us in moments with their analysis and insight. joining first, however, to the markets. stocks coming up early gains again. the dow of two and a half points, not%, points. the s&p and nasdaq down a fraction. the nasdaq of its longest losing streak in almost two months. for the week of three major indexes down more than 2% this, the worst week...
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Oct 13, 2012
10/12
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FBC
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ed rollins, doug shown are next. with the spark cash card from capital one, olaf's pizza palace gets the most rewards of any small business crit card! pizza!!!!! [ garth ] olaf's small business earns 2% cash back on every purchase, everday! helium delivery. put it on my spark card! [ pop! ] [ garth ] why settle for less? great businesses deserve the most rewards! awesome!!! [ male announcer ] the spark business card from capalne. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? to start her own interior design business. she's got a growing list of clients she keeps in touch with using e-mail marketing from constantcontact.com. constantcontact is easy and aordable. it lets her send out updates and photos that showcase her expertise aninspire her customers for only $15 a month. [ dog barking ] her dream -- to be the area's hottest interior design office. [ children laughing ] right now, she just dreams of an office. get a free trial at constantcontact.com.
ed rollins, doug shown are next. with the spark cash card from capital one, olaf's pizza palace gets the most rewards of any small business crit card! pizza!!!!! [ garth ] olaf's small business earns 2% cash back on every purchase, everday! helium delivery. put it on my spark card! [ pop! ] [ garth ] why settle for less? great businesses deserve the most rewards! awesome!!! [ male announcer ] the spark business card from capalne. choose unlimited rewards with 2% cash back or double miles on...
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Oct 13, 2012
10/12
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doug schwartz runs quinnipiac universitys polling institute. >> right now, pew has romney up by three points. gallup has obama up by five points in their seven-day track, but since the debate they have obama up by just three points. >> reporter: or how about old friend ray fair, an economist we've been visiting every four years since the george h.w. bush administration. he's got an economic model. >> so right at this moment, its 49.5% of the two-party vote for obama. >> reporter: so the polls and models call it a toss-up. but curiously, the betting public tells a very different story. online betting prediction markets, like ireland's intrade, which takes bets from americans, and england's betfair, which doesnt, have made obama the strong favorite for months. the lone domestic and entirely legal betting haven, the iowa electronic markets at the university of iowa. ever frugal, we asked hari srinivasan, our man in the midwest-- at least last week-- to drop in. >> sreenivasan: this is the entire iowa electronic market? >> this is our server room right here. >> sreenivasan: so the entire
doug schwartz runs quinnipiac universitys polling institute. >> right now, pew has romney up by three points. gallup has obama up by five points in their seven-day track, but since the debate they have obama up by just three points. >> reporter: or how about old friend ray fair, an economist we've been visiting every four years since the george h.w. bush administration. he's got an economic model. >> so right at this moment, its 49.5% of the two-party vote for obama. >>...